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Public company info - Advanced Semiconductor Manufacturing Corporation Ltd. - H Shares , 03355.HK
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Advanced Semiconductor Manufacturing Corporation Ltd. - H Shares, 03355.HK - Company Profile
Chairman DONG Haoran
Share Issued (share) 1,131,000,000
Par Currency Renminbi
Par Value 1.0
Industry Semiconductors
Corporate Profile Business Summary: The Company is principally engaged in the manufacture and sale of 5-inch, 6-inch and 8-inch silicon wafers. Performance for the year: Sales increased by 27.3% from RMB796.1 million in 2016 to RMB1,013.3 million in 2017. Gross profit was RMB157.6 million in 2017, an increase of 43.8% from RMB109.6 million in 2016. The Company recorded net income of RMB57.0 million for the year ended 31 December 2017 compared to net income of RMB32.4 million for the year ended 31 December 2016. Business Summary: Sales for the three months ended 31 December 2017 were RMB264.5 million, up 2.8% from RMB257.4 million for the three months ended 30 September 2017, mainly due to the increase in sales of 6-inch wafers and 8-inch wafers in the domestic market. Gross profit was RMB37.3 million for the three months ended 31 December 2017, a decrease of 11.8% from RMB42.3 million for the three months ended 30 September 2017. Gross margin in the fourth quarter of 2017 was 14.1% compared to 16.4% in the third quarter of 2017, primarily attributable to less favourable product mix and the increase in cost of raw materials. Other income and gains for the three months ended 31 December 2017 were RMB4.8 million, compared to RMB3.9 million for the three months ended 30 September 2017. Other income and gains in the fourth quarter of 2017 primarily comprised government grants, interest income, sale of scrap materials, technology service income and others. Selling and distribution costs for the three months ended 31 December 2017 amounted to RMB2.1 million compared to RMB1.9 million for the three months ended 30 September 2017. General and administrative expenses for the three months ended 31 December 2017 were RMB20.6 million compared to RMB18.4 million for the three months ended 30 September 2017. Research and development costs for the three months ended 31 December 2017 were RMB7.5 million compared to RMB6.7 million for the three months ended 30 September 2017. Other expenses for the three months ended 31 December 2017 were RMB2.7 million, compared to RMB5.1 million for the three months ended 30 September 2017. Other expenses in the fourth quarter of 2017 were primarily due to net foreign exchange losses. As a result of the foregoing factors, the Company recorded net profit of RMB12.8 million for the three months ended 31 December 2017 compared to net profit of RMB14.0 million for the three months ended 30 September 2017. Prospects: Looking ahead to 2018, the global economy will likely to carry forward its current momentum to generate steady growth in 2018 although various political and economic uncertainties still remain in various geographic regions. In view of the complicated and positive business environment, the global semiconductor sales growth is expected to be moderate as the demand-supply dynamics for memory products normalize. In addition, the analog IC market is very likely to show comparatively strong growth during the next few years driven by the expansion of power management, signal conversion and automotive-specific analog markets. Apart from this, the Company’s business remains highly exposed to economic conditions, and the cyclical and seasonal nature of the semiconductor market. In this case, the Company maintains cautious stance on its business operation and financial performance in the coming year. Based on its ongoing business growing strategies to enhance the competitive position and sustain its long-term growth and development, the Company has step by step addressed issues of further improving utilization of its existing production facilities including its 6-inch and 8-inch wafers to ensure the accomplishment of its business objectives, and will continuously implement the following major initiatives in the coming year: Further improve product mix by de-bottlenecking its existing 8-inch wafer line and continuously keeping full production loading of 6-inch wafer line, and ultimately sustain its profitability; Leveraging its leading edges in analog IC specialty process and designated markets, continuously seek cooperation with major IC producers in the supply chain for the establishment of strategic industrial alliances while further promoting the existing strategic industrial cooperative projects to generate new revenue streams; Focusing on its business growth strategy by seamlessly working with the existing domestic customers to generate incremental new revenue streams while further consolidating business cooperation with overseas customers; Further optimize internal organization and resources allocation, which should be fit for the effective execution of its major strategic initiatives to improve operating efficiency as well as sustain its ongoing growth and development; and Continuously dedicate itself to creating environmental and social benefits as well as creating economic benefits, which positively build its sustainable value for itself and its important interested parties. Moving forward, the Company, by continuously executing its major business strategic initiatives and capitalizing on growth opportunities driven by the encouragement policy of the national and local governments for the development of semiconductor markets, will better position itself for a balanced and stable improvement in the Company’s business and financial performance in 2018 and achieving positive development within the domestic IC manufacturing industry.

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